ENARADA, Bhubaneshwar, September 21, 2013:
School of Management, KIIT University (KSOM) organized its 4th National Finance Conclave on 21st September, 2013. The theme of this year’s conclave was “Indian Economy: Can the Good Times be Back?” In his keynote address on the topic, Mr. N. Chandrasekaran, CEO & MD of Tata Consultancy Services (TCS) said that it would be wise to be bullish on Indian economy as the country has huge potential in its human capital.
“Our fundamental strength for the next decades is the talent that we have and the country’s huge working population will make critical contributions in various sectors”, he said. While India’s short term concern is devaluation of Rupees, slowing economic growth is the key concern in the long term, Mr. Chandrasekaran said, adding that a transformation can be brought about by technology and investments in critical sectors.
Highlighting the positive side, the TCS chief stated that industries have grown phenomenally in the last 20 years. During the last decade industries have contributed significantly in terms of exports which at present stands at $ 85 billion, he informed. All emerging markets, India, China and Brazil, have shown incredible growth, Mr. Chandrasekaran said, while attributing the present crisis to a global slump in demand.
The conclave had a very engaging panel discussion, which featured Dr. H. K. Pradhan, Senior Professor, XLRI, Mr. Paresh Gupta, CFO, Jubilant Biosys, Ms. Mythili Bhusnurmath, Consulting Editor, Times of India Group and Mr. Brajamohan Misra, Officer-in-charge, Dept .of Economic and Policy research, RBI. The panelists focused on three significant problems that the country is dealing with: external vulnerability, high gold imports widening the CAD and better market sentiments outside causing capital flight. Ensuring ease of doing business, better management of external factors, improvement of regulatory and policy environment and improving the educational system were some of the measures suggested.
The day-long conclave also featured seven workshops on finance and economy. They included Overview of the Asset Management Industry by Mr. Bijon Pani, Co-Founder, QA Capital Management; Calculation of VaR: Measuring Risk for Dollar – Rupee Volatility by Mr. Mukund Singh, VP & Head-Treasury, Capgemini India; Financial Modeling and Valuation for Financing of Infrastructure Projects by Mr. Sutanu Pati, Senior Consultant, Infrastructure & Finance Consultants; Raising Capital for Ventures by Mr. Kunal Kumthekar, Founder & MD, Plexus Capital Ventures; Business Analysis in Private Equity by Mr. Raj Naik, Managing Partner, Arbor Strategic Advisors; Equity Research by Mr. Amresh Kumar, Team Manager – Advisory, L&T Infrastructure and Global Mobility Trends by Ms. Jyoti Rathi, Global Employer Services, Deloitte Tax Services.
Earlier, Dr. A. Samanta, Founder of KIIT & KISS, welcomed Shri Chandrasekaran and other dignitaries to the conclave. He said that KSOM has a long history of academic excellence, providing industry-focused management education. Introducing the conclave, Prof. Ashok Sar, Dean, KSOM outlined the key strategic challenges and provided insight into the associated issues. Prof Satyajeet Mishra proposes the vote of thanks.
The conclave was well attended by representatives from the industry, academia, professional and government bodies and students, making it a grand success.
